~ Sydney Madwed
While it’s important to meet your family goals, it is a general objective to have a comfortable retired life. If you’re planning retirement, you should plan to invest from now because the magic of compounding is experienced if stayed invested for a long term. Financial planning helps you create an adequate corpus for retirement when expenses continue but income seems to be drying up.
In conclusion, financial planning arises from the need for meeting the financial goals of one's life. This helps you to take a comprehensive look towards cash flow, debt management, education funding, retirement planning, estate conservation, and portfolio management. With financial planning, you can make informed and great decisions about your investments.